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And he admitted that the financial problems the banks are having now were caused by the arm twisting the government caused so everyone could have a home. Some were only paying the interest on those loans. They were renting from the bank. That is why they were so fast to give those homes up, they didn't really own them.
Bush didnt create the programs, in fact Bush tried to stop such programs encouraged by Fannie/Freddie but the Democrats said there was no problem, over, and over, roadblocking any attempt to stop the loans you mentioned which caused the collapse
If tax rates for the super-wealthy spurred real economic growth (impacts everyday Americans could feel), the oligarch trend we are headed towards would not be so. Funny seeing the "Joe the Plumber" crowd fight against their own interests... To accept this fact would be to admit that the Republican ideology is flawed so it's no surprise to see the parrots out this morning.
So the few people making most of the money should be ganged up on and made to give to those who did nothing to get it. Talking about tax has nothing to do with a personal issue. If everybody is treated fairly the rich would pay more than they do now. Do away with the loopholes and don't let someone let the government pay for their home just because they chose to borrow more money and buy a bigger house. There should also not be breaks for money made on investments. Does not the money spend the same whether you got it for SS or from investments or from the sweat of your body. First we are given SS and then we don't have to pay taxes on it. Why not if we make enough from other resources to have to pay taxes.
Stop with all the special interests and stop paying people who pay nothing into the system. Stop helping foreign people start a business. It is crazy to take food out of the mouths of citizen children and give to a Mexican illegals so they can live off the government for another year with a losing business by another member of the family. Some families have so many members that they all live off our government for years when each year the failing business is sold to another foreign family member.
We need some of these retired people to study this problem and stop the corruption. I volunteer my services if you want to pay my expenses and listen to what I say. I would have no intention of knocking my head against a government brick wall. We need change, but giving more to those who would have something if they knew how to manage money in the first place is counter productive. One is supposed to take care of the small details before they are given more responsibility. That does not include giving amnesty to those who care nothing about our laws and did not bother to enter our country in the right way in the first place. What on earth are our government officials thinking?
I want my normal country back. The country we are living in now is not a country that our forefathers set up. Our constitution is being ignored and twisted around to mean what it was never intended to do or mean.
Incorrect. Keep in mind someone making above $250,000 will still benefit from the tax cuts on the portion of income below $250,000. So its only an increase on the portion between $250,000- $300,000, which with a standard deduction and the dependent exemptions is about $280,000. Throw in the 28% bracket being pushed upward, it results in a $767 difference for a family of four making $300,000 with the standard deduction, and a $0 difference for a family of four making $300,000 itemizing $15,000 each in property taxes and other expenses. This comes from the Tax Foundation btw.
So on the one hand, I have my Ivy League graduate accountant with 20 years experience telling me that my taxes will go up a not insignificant dollar amount if the tax cuts expire.
On the other hand, I have some guy on the internet telling me they won't go up a nickel.
Ahh yes..war spending is indeed a stimulus in the same manner extending unemployment is, increasing food stamps are etc. War spending pumps $150B into the economy a year. All of those people in the military ARE PAID and the money is SPENT..
Who the heck fed you this crap?/ Please stop comparing soldiers making $25k a year to Blackwater(now Xe), Raytheon, Haliburton, GE, Iraq & the military industrial complex looting hundreds of $BILLIONS to what is now $TRILLION+ , from taxpayers.
It's corporate welfare to the aforementioned entities that benefits less than 1% of US citizens and is a huge liability to the rest of us...much worse than food stamps & UE. And explain how the war unleashing a huge supply of heroin throughout the world has benefited anyone???!
In the case of senior citizens, I think all income should be subject to tax along with those that make minimum incomes. If your retirement check, your SS, your investments are low enough to not need taxing, that is one thing, but we should not be allowed to make more than some of our children and pay less taxes. Stop worrying about our SS checks. They are not much money in the first place. We pay more taxes even with the breaks we get than the small SS check I get. You need to leave SS alone, but your real income would come if you started taxing all of our income. And many other people make more than we do in the first place. Special interest such as banks, insurance companies, etc. have been setting up these things to make us buy things so they can make money by making the product tax free. I don't think they make enough money from what we buy from them to warrant tax breaks on the income we receive from it.
So why am I saying this. I love our children and grandchildren. I think we deserve to get SS since we have paid into it for years. But the benefit to us in paying into SS for years would be to practically give back to the government everything we get from SS but basically our other income would come to us tax free since SS would be giving us enough to pay our taxes if every income we have were taxed and one stock was not treated one way and another tax treated another way. If it is income, it should be added together and taxes all in the same way. No loopholes, no consideration for interest on homes, cars, etc. If everyone pays the same for the same income, it would be fair to everybody.
The government needs to stop trying to control what a person does with their income by using taxes. If you buy an energy efficient product the only break this should bring you is what you save on your electric, gas, etc. bill. We need more fairness in taxes. What the government is doing now with taxes was never meant to be and should be stopped because from the constitution I read, what they are doing is unconstitutional and socialist.
One poster wrote "Ahh yes..war spending is indeed a stimulus in the same manner extending unemployment is, increasing food stamps are etc."
1. If this were literally true, we could solve any economic problem simply by splashing money around until we were all prosperous. The kind of stimulus you get from wasting money gives the economy the same kind of relief you might get from wetting the bed: it feels better for a moment, but you end up in a mess. And this exact method was attempted by Obama--it failed.
2. The proper levels of tax rates ought to have nothing to do with whether or not the money will get spent. We need a tax system that is fair, does not discourage the creation of wealth and jobs, and promotes economic vitality. If you want to give welfare benefits to a group, say so honestly and propose to write them a check--then it can be debated. "From each according to his ability, to each according to his need" is more suitable for a Marxist country, not the United States of America.
btw, the 550,000 you are quoting, is the very SAME figure I quoted. Did you even look at the posting? Here, let me post it again..
568,000 for year 2011.. So you are quote the EXACT same figure I did.. Now look at year 2012, 2013, 2014, and tell me how many jobs are in question?
The 709,000 AGAIN are the average number of jobs over the NEXT 5 years!!! and again, thats the difference between a PARTIAL and a FULL tax cut extension perminantely.
NO ITS NOT. That chart is the extension plan compared to the CBO's baseline projections. It is NOT a chart comparing full extension to extension for those who make under $250,000. It does not state that anywhere in that chart. Nor does that chart appear ANYWHERE in the actual CBO report, it comes from the right wing group the Heritage Foundation.
Will you just stop making up numbers. First you quote a number, and then you say you are guessing..
Per the BLS there was 10,200,000 new jobs created from 2003 to 2007. And again, per the CBO, there will be an average of 709,000 new jobs created if the tax cuts are enacted for all instead of just the bottom 98%.. I'd say 709,000 would qualify as "many" would you not agree?
Why on gods earth are you Democrats asking for a tax cut on just the bottom 98% and then asking for 709,000 individuals to be out of work? Is your lust for greed and class envy more powerful then the willingness to create employment? (again, see chart above for figures)
The CBO does NOT say that. The chart was NOT comparing full extension for everyone to full extension for those under $250,000. It simply does NOT state that.
Who the heck fed you this crap?/ Please stop comparing soldiers making $25k a year to Blackwater(now Xe), Raytheon, Haliburton, GE, Iraq & the military industrial complex looting hundreds of $BILLIONS to what is now $TRILLION+ , from taxpayers.
It's corporate welfare to the aforementioned entities that benefits less than 1% of US citizens and is a huge liability to the rest of us...much worse than food stamps & UE. And explain how the war unleashing a huge supply of heroin throughout the world has benefited anyone???!
I made no such comparison..
I now return you to your regularly scheduled liberal rant, all attack, no substance.. I mean really, you want to now discuss the supply of heroin and blame the war?
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Let's get a couple things straight...
